SBI MNC Fund vs UTI - MNC Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI MNC Fund is a Thematic fund and UTI - MNC Fund is a Thematic fund. In the 3 years to 30-10-2026, SBI MNC Fund (Direct) returned 6.8% a year and UTI - MNC Fund (Direct) returned 7.7% a year. SBI MNC Fund charges 1.38% a year and UTI - MNC Fund 1.54% (Direct plans). Their portfolios overlap 30.6%: they hold 24 of the same securities.
Which is better, SBI MNC or UTI - MNC? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- UTI - MNC returned more over 5 years: 7.0% a year against 7.0%.
- UTI - MNC returned more over 3 years: 7.7% a year against 6.8%.
- SBI MNC costs less: 1.38% a year against 1.54% (Direct plans).
- UTI - MNC swung less over 3 years: a standard deviation of 12.0% a year against 12.0%.
- SBI MNC fell less in its worst fall since 02-01-2013: −27.5% against −31.6%.
- SBI MNC is the larger fund: ₹6,381 Cr against ₹2,619 Cr.
- Their portfolios overlap 30.6%: 24 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | SBI MNC Fund | UTI - MNC Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹6,381 Cr (30-09-2026) | ₹2,619 Cr (30-09-2026) |
| NAV | ₹426.23 (Direct) | ₹420.15 (Direct) |
| Expense ratio (Direct) | 1.38% | 1.54% |
| Expense ratio (Regular) | 2.01% | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 30-09-1994 | 18-04-2007 |
| Minimum investment | ₹5,000 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Tanmaya Desai | Karthikraj Lakshmanan FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4, Not Applicable FM 5 |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Exit load of 1% if redeemed less than 1 year |
SBI MNC vs UTI - MNC: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| SBI MNC Fund (Direct) | −3.81% | −4.09% | +4.19% | +8.18% | +6.75% | +6.99% | +10.86% |
| UTI - MNC Fund (Direct) | −2.90% | −6.83% | −1.90% | −7.38% | +7.68% | +7.05% | +9.93% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
SBI MNC vs UTI - MNC: Year-wise Returns
| Year | SBISBI MNC | UTI -UTI - MNC | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | +9.20% | −6.84% | −5.92% |
| 2025 | −4.98% | +4.21% | +10.75% |
| 2024 | +8.94% | +17.70% | +16.63% |
| 2023 | +24.36% | +23.68% | +24.10% |
| 2022 | −5.02% | −0.54% | +3.83% |
| 2021 | +40.71% | +25.29% | +24.64% |
SBI MNC vs UTI - MNC: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,675 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
SBI MNC Fund (Direct)
UTI - MNC Fund (Direct)
Nifty MNC TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI MNC | 0.1 | 4.9 | 31.9 | 22.0 | 16.5 | 17.6 | 7.1 | 14.3% | 12.8% | −0.8% | 34.7% | 47% |
| UTI - MNC | 0.3 | 6.9 | 16.8 | 40.2 | 21.4 | 4.3 | 10.1 | 13.9% | 13.0% | −2.6% | 33.5% | 25% |
| Nifty MNC TRI | 0.1 | 7.6 | 8.1 | 25.9 | 45.7 | 12.2 | 0.3 | 15.0% | 15.9% | −2.2% | 26.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty MNC TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
SBI MNC vs UTI - MNC: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI MNCSBI MNC Fund (Direct) | ₹16,60,000 | ₹41,30,537 | ₹24,70,537 | 12.3% |
| UTI - MNCUTI - MNC Fund (Direct) | ₹16,60,000 | ₹37,44,753 | ₹20,84,753 | 11.0% |
SBI MNCSBI MNC Fund (Direct)
UTI - MNCUTI - MNC Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
SBI MNC vs UTI - MNC: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI MNC Fund (Direct) | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.18% | −7.38% |
| Standard deviation | 14.15% | 12.58% |
| Sharpe ratio | 0.21 | -1.00 |
| Sortino ratio | 0.29 | -1.30 |
| Maximum drawdown | −12.4% (23-10-2026) | −14.6% (31-03-2026) |
| Beta | 0.81 | 0.75 |
| Alpha | +11.19% | −4.97% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI MNC Fund (Direct) | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.75% | +7.68% |
| Standard deviation | 11.98% | 11.96% |
| Sharpe ratio | 0.06 | 0.14 |
| Sortino ratio | 0.08 | 0.19 |
| Maximum drawdown | −15.4% (07-04-2025) | −21.6% (28-02-2025) |
| Beta | 0.68 | 0.79 |
| Alpha | −2.53% | −2.08% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI MNC Fund (Direct) | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.99% | +7.05% |
| Standard deviation | 12.02% | 12.04% |
| Sharpe ratio | 0.10 | 0.10 |
| Sortino ratio | 0.14 | 0.14 |
| Maximum drawdown | −18.8% (17-06-2022) | −21.6% (28-02-2025) |
| Beta | 0.69 | 0.82 |
| Alpha | −1.47% | −1.89% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI MNC Fund (Direct) | UTI - MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.10% | +13.32% |
| Standard deviation | 12.46% | 12.89% |
| Sharpe ratio | 0.65 | 0.56 |
| Sortino ratio | 0.89 | 0.77 |
| Maximum drawdown | −27.5% (23-03-2020) | −31.6% (23-03-2020) |
| Beta | 0.65 | 0.77 |
| Alpha | +3.15% | +1.46% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
SBI MNC Fund (Direct)
UTI - MNC Fund (Direct)
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI MNC Fund (Direct) | −27.5% | 13-02-2020 | 23-03-2020 | 18-08-2020 | 5 months | −8.6% |
| UTI - MNC Fund (Direct) | −31.6% | 31-08-2018 | 23-03-2020 | 03-12-2020 | 8 months | −11.8% |
| Nifty MNC TRI | −34.9% | 28-08-2018 | 23-03-2020 | 20-11-2020 | 8 months | −16.0% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI MNC Fund (Direct)
UTI - MNC Fund (Direct)
Nifty MNC TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI MNC Fund (Direct)
UTI - MNC Fund (Direct)
Nifty MNC TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI MNC Fund (Direct)
UTI - MNC Fund (Direct)
Nifty MNC TRI
Against Nifty MNC TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI MNC Fund (Direct) | 80% | 62% | 9.39% |
| UTI - MNC Fund (Direct) | 89% | 83% | 6.38% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
SBI MNC vs UTI - MNC: Portfolio Overlap
From each fund's latest monthly portfolio: SBI MNC Fund, September 2026; UTI - MNC Fund, September 2026
Holdings in common
- Overlap
- 30.6%
- Held by both
- 24
- Only in SBI MNC
- 21
- Only in UTI - MNC
- 35
| Security | % of SBI MNC | % of UTI - MNC |
|---|---|---|
| Bosch Ltd. | 4.13% | 5.76% |
| Vedanta Aluminium Metal Ltd. | 3.88% | 2.92% |
| Hyundai Motor India Ltd. | 2.67% | 3.10% |
| Maruti Suzuki India Ltd. | 1.88% | 7.19% |
| Hindustan Unilever Ltd. | 1.65% | 4.74% |
| Aurobindo Pharma Ltd. | 2.62% | 1.58% |
| Balkrishna Industries Ltd. | 1.66% | 1.41% |
| Coforge Ltd. | 1.37% | 2.50% |
| Navin Fluorine International Ltd. | 3.62% | 1.36% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.32% | 2.01% |
| Grindwell Norton Ltd. | 2.50% | 1.24% |
| Siemens Ltd. | 2.92% | 1.14% |
| Anthem Biosciences Ltd. | 2.96% | 1.07% |
| Samvardhana Motherson International Ltd. | 2.56% | 0.94% |
| Timken India Ltd. | 1.18% | 0.90% |
| Cummins India Ltd. | 4.77% | 0.82% |
| INDO-MIM Ltd. | 0.80% | 0.94% |
| Britannia Industries Ltd. | 1.89% | 0.78% |
| Cohance Lifesciences Ltd. | 1.53% | 0.66% |
| Nestle India Ltd. | 0.62% | 4.77% |
| Biocon Ltd. | 2.61% | 0.53% |
| Vedanta Ltd. | 2.03% | 0.30% |
| Clean Science & Technology Ltd. | 0.26% | 0.26% |
| Abbott India Ltd. | 0.21% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.6% means 30.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in SBI MNC Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Ltd. | 5.82% |
| Sona Blw Precision Forgings Ltd. | 3.90% |
| Sun Pharmaceutical Industries Ltd. | 3.42% |
| Aether Industries Ltd. | 3.20% |
| ABB India Ltd. | 3.19% |
Largest holdings only in UTI - MNC Fund
| Security | % of fund |
|---|---|
| EQ - GLAND PHARMA LTD. | 4.10% |
| EQ - PROCTOR & GAMBLE HEALTH LTD | 4.03% |
| EQ - LG ELECTRONICS INDIA LTD | 2.63% |
| EQ - CRISIL LTD. | 2.05% |
| EQ - AFFLE 3I LIMITED | 1.92% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI MNC | UTI - MNC |
|---|---|---|
| Equity | 96.3% | 92.8% |
| Debt | 0.3% | 0.4% |
| Cash and others | 3.4% | 6.8% |
Market cap of stocks
| Market cap | SBI MNC | UTI - MNC |
|---|---|---|
| Large Cap | 39.4% | 29.6% |
| Mid Cap | 24.1% | 28.6% |
| Small Cap | 31.9% | 33.1% |
| Not on AMFI's list | 0.8% | 1.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | SBI MNC | UTI - MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 21.3% | 16.1% |
| Auto Components | 17.6% | 12.5% |
| Chemicals & Petrochemicals | 11.0% | 2.6% |
| Automobiles | 4.5% | 10.3% |
| IT - Software | 1.4% | 8.6% |
| Industrial Products | 8.4% | 5.9% |
| Electrical Equipment | 6.1% | 1.7% |
| Food Products | 2.5% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
SBI MNC vs UTI - MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI MNC Fund | UTI - MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.38% | 1.54% |
| Base expense ratio (Direct) | 1.03% | 1.12% |
| Total expense ratio (Regular) | 2.01% | 2.20% |
| Base expense ratio (Regular) | 1.57% | 1.71% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare SBI MNC with
SBI MNC Fund vs UTI - MNC Fund: Frequently Asked Questions
What is the difference between SBI MNC Fund and UTI - MNC Fund?
SBI MNC Fund is a Thematic fund, UTI - MNC Fund is a Thematic fund, run by SBI Mutual Fund and UTI Mutual Fund. Their portfolios overlap 30.6%. SBI MNC Fund charges 1.38% a year and UTI - MNC Fund 1.54%.
Which has given higher returns, SBI MNC Fund or UTI - MNC Fund?
Over 1 year: SBI MNC Fund +8.18%, UTI - MNC Fund −7.38%. Over 3 years: SBI MNC Fund +6.75% a year, UTI - MNC Fund +7.68% a year. Over 5 years: SBI MNC Fund +6.99% a year, UTI - MNC Fund +7.05% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI MNC Fund or UTI - MNC Fund?
SBI MNC Fund charges less: 1.38% a year against 1.54%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI MNC Fund and UTI - MNC Fund overlap?
30.6%. They hold 24 of the same securities, the largest shared ones being BOSCHLTD, VAML-BE, HYUNDAI. From each fund's latest monthly portfolio.
Which is riskier, SBI MNC Fund or UTI - MNC Fund?
On SEBI's riskometer, SBI MNC Fund is rated Very High and UTI - MNC Fund Very High. Over 3 years, the standard deviation of daily returns was 11.98% and 11.96% a year.
Which is better for SIP, SBI MNC Fund or UTI - MNC Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,31,746 in SBI MNC Fund (XIRR 7.1% a year) and ₹7,11,899 in UTI - MNC Fund (XIRR 6.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI MNC Fund and UTI - MNC Fund?
Yes. 30.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages SBI MNC Fund and UTI - MNC Fund?
SBI MNC Fund: Tanmaya Desai. UTI - MNC Fund: Karthikraj Lakshmanan FM 1, Not ApplicableFM 2, Not Applicable FM 3, Not Applicable FM 4, Not Applicable FM 5.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.